Mayor: Government agrees to take over debt repayment from BKV
The government has agreed to take over the debt repayment of the Budapest Public Transport Company (BKV), Mayor István Tarlós told journalists yesterday. BKV's debt due this year reached HUF 52.3 bln, a document submitted to a city council meeting showed.
The government has made a clear promise to consolidate the debt, Tarlós said, adding that the debt consolidation could happen within a few weeks. The city council is conducting promising talks with the government, he said when asked about the HUF 15 bln gap in the budget for the city's public transport.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.